Sheboygan County Economic Development Corporation Foundation
- Assets
- $2.2m
- Revenue
- $231.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Sheboygan, WI
- Founding
- 07/2010
- Data as of
- 12/2021
- EIN
- 27-1707068
Organization Overview
Sheboygan County Economic Development Corporation Foundation is located in Sheboygan, WI. The organization was established in 2010. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sheboygan County Economic Development Corporation Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Sheboygan County Economic Development Corporation Foundation generated $231.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (30.1%) each year. All expenses for the organization totaled $233.6k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE SHEBOYGAN COUNTY ECONOMIC DEVELOPMENT CORPORATION FOUNDATION, A COUNTYWIDE PRIVATE/PUBLIC PARTNERSHIP, IS TO LEAD DIVERSIFIED ECONOMIC & COMMUNITY DEVELOPMENT EFFORTS IN ORDER TO IMPROVE THE LONG TERM PROSPERITY OF THE BUSINESS COMMUNITY AND RESIDENTS OF SHEBOYGAN COUNTY AND TO SUPPORT THE SHEBOYGAN COUNTY ECONOMIC DEVELOPMENT CORPORATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO LEAD DIVERSIFIED ECONOMIC & COMMUNITY DEVELOPMENT EFFORTS IN ORDER TO IMPROVE THE LONG TERM PROSPERITY OF THE BUSINESS COMMUNITY AND RESIDENTS OF SHEBOYGAN COUNTY AND TO SUPPORT THE SHEBOYGAN COUNTY ECONOMIC DEVELOPMENT CORPORATION.
TO OPERATE A STOREFRONT AND EDUCATIONAL CENTER THAT HIGHLIGHTS WHAT IS UNIQUE ABOUT PLYMOUTH AND MAXIMIZES THE VALUE THOSE FEATURES BRING TO THE COMMUNITY IN FOUR SPECIFIC WAYS: BY SUPPORTING KEY ECONOMIC DRIVERS, ESPECIALLY THE FOOD INDSUTRY; NURTURING THE WORKFORCE PIPELINE TO EXTEND THAT VISION INTO THE FUTURE; DEVELOPING ITS MOST VISIBLE FOCAL POINT "THE DOWNTOWN-; AND CREATING MORE DESTINATION OPPORTUNITIES SUPPORTING THIS VISION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Doudna Executive Di | Officer | 1 | $0 |
David Aldag Director | Trustee | 1 | $0 |
Bob Werner Director | Trustee | 1 | $0 |
Jodi Schoerner Secretary/tr | OfficerTrustee | 1 | $0 |
Paul Carlsen Director | Trustee | 1 | $0 |
Gary Dulmes Vice Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $137,217 |
| Investment income | $186 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,122 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $56,515 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $231,933 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,420 |
| Fees for services: Accounting | $8,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $86,161 |
| Advertising and promotion | $27,871 |
| Office expenses | $6,489 |
| Information technology | $1,141 |
| Royalties | $0 |
| Occupancy | $20,779 |
| Travel | $487 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $70,914 |
| Insurance | $6,984 |
| All other expenses | $0 |
| Total functional expenses | $233,628 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,329 |
| Savings and temporary cash investments | $107,481 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $15,091 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,204,503 |
| Accounts payable and accrued expenses | $330,245 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $506,899 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $200,000 |
| Other liabilities | $3,341 |
| Total liabilities | $533,586 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $1,670,917 |